International Paper Co.
International Paper Announces Mill Closures and Strategic Changes
Summary
International Paper Company announced on August 21, 2025, that it will close its Riceboro, Georgia, and Savannah, Georgia facilities impacting its Containerboard business. The closures will result in pre-tax cash charges of approximately $158 million and pre-tax non-cash accelerated depreciation charges of approximately $570 million. These actions are part of the Company's 80/20 strategic approach to focus on profitable market share growth and sustainable packaging solutions. Additionally, the company announced the sale of its Global Cellulose Fibers business for $1.5 billion to American Industrial Partners and plans to invest $250 million in its Riverdale Mill in Selma, Alabama.
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About International Paper Co.
International Paper Co. is a leading global producer of renewable fiber-based packaging, pulp, and paper products. Primarily serving the industrial packaging sector, the company plays a critical role in the supply chain for a variety of industries, providing essential materials for sustainable packaging solutions. Beyond industrial packaging, International Paper Co. is deeply involved in the production of pulp used in the making of personal care products, tissue, and other consumer-oriented goods. Through its expansive reach across North America, Latin America, Europe, and beyond, International Paper Co. adheres to sustainable practices, prioritizing renewable resources and environmentally friendly processes. Established in 1898 and headquartered in Memphis, Tennessee, the company is a significant player in the global forest products industry. Its commitment to sustainability and innovation helps meet the world's packaging needs while minimizing environmental impact, making it a key influencer in promoting ecological consciousness within the financial markets.
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